UBS analyst Timothy Arcuri raised Applied Materials, Inc. (AMAT) price target to $405, reiterating a Buy rating. The company’s shares have climbed nearly 80% in the past year, driven by steady growth and revenue from chip fabrication plants. Applied is positioned for growth alongside the semiconductor industry, with a focus on profitability and returning cash to shareholders. Applied Materials offers materials engineering solutions to technology manufacturers worldwide. Investors seeking AI stocks with greater upside potential may look elsewhere.

Read more at Yahoo Finance: UBS Lifts Applied Materials, Inc. (AMAT) Target, Reiterates Buy